It looks ominous and typical of a the final spike after a quick run up before a pull back. Particularily given the price run from 1.01 to 2.23 has almost repeated from 1.64 to 2.82 and the RSI is overbought on the daily and weekly.
That said, there are a couple of considerations: - Landscape is different given the pending multiple annoucements in reasonably quick succession. - Weekly currently above the 2007 and 2018 tops at 2.47 and Mar 2016 close at 2.67. Lets see what it looks like in a few days. - RSI on the monthly long term is not overbought. - Volume is increasing with the upswing. - It broke out of a long downward trend after building support off the double/triple bottoms between 2016-19. Great base. - Those bottoms maintain the major bottom trend line from 2005 and 2008.
Despite this stock being highly volatile historically, the above coupled with the potential significant upside vs downside make this a hold for the long term.
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